Which of the following is not a function of government?
A)promotion of competition
B)stabilization to achieve the macroeconomic goals
C)redistribution of income through taxation and transfer payments
D)production of public goods
E)providing the economy's private goods

Question

Quizplus · Accepted Answer

Providing the economy's private goods is not a function of government. Private goods are produced and distributed by the market, while public goods are typically provided by the government because they are non-excludable and non-rivalrous. The other options listed are all functions of government - promotion of competition, stabilization to achieve macroeconomic goals, redistribution of income, and production of public goods.

Which of the Following Is Not a Function of Government